FBR Declares Quarterly Dividend of $0.05 per Share Payable October 31, 2006
PRNewswire - First Call
Arlington, Virginia

ARLINGTON, Va., Sept. 13 /PRNewswire-FirstCall/ -- Friedman, Billings, Ramsey Group, Inc. (NYSE: FBR) today announced that its Board of Directors has declared a dividend of $0.05 per share for the third quarter of 2006. The dividend will be payable on October 31, 2006 to shareholders of record on September 29, 2006 (ex-dividend date of September 27, 2006).

Friedman, Billings, Ramsey Group, Inc. provides investment banking*, institutional brokerage*, asset management, and private wealth through its operating subsidiaries and invests in mortgage-related assets and merchant banking opportunities. FBR focuses capital and financial expertise on eight industry sectors: consumer, diversified industrials, energy and natural resources, financial institutions, healthcare, insurance, real estate, and technology, media and telecommunications. FBR is headquartered in the Washington, D.C. metropolitan area with offices in Arlington, VA, Boston, Dallas, Houston, Irvine, London, New York, Phoenix and San Francisco. Friedman, Billings, Ramsey Group, Inc. is the parent company of First NLC Financial Services, Inc., a non-conforming residential mortgage originator headquartered in Deerfield Beach, Florida. For more information, see http://www.fbr.com.

*Friedman, Billings, Ramsey & Co., Inc.

Statements concerning future performance, developments, events, market forecasts, revenues, expenses, earnings, run rates and any other guidance on present or future periods, constitute forward-looking statements that are subject to a number of factors, risks and uncertainties that might cause actual results to differ materially from stated expectations or current circumstances. These factors include, but are not limited to, the effect of demand for public offerings, activity in the secondary securities markets, interest rates, costs of borrowing, interest spreads, mortgage pre-payment speeds, risks associated with merchant banking investments, the realization of gains and losses on principal investments, available technologies, competition for business and personnel, and general economic, political and market conditions. These and other risks are described in the company's Annual Report and Form 10-K and quarterly reports on Form 10-Q that are available from the company and from the SEC.

SOURCE  Friedman, Billings, Ramsey Group, Inc.
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For further information: Investors: Paul Beattie, +1-703-312-9673, pbeattie@fbr.com, or Media: Lauren Burk, +1-703-469-1004, lburk@fbr.com, both of Friedman, Billings, Ramsey Group, Inc./ /Web site: http://www.fbr.com/ (FBR) CO: Friedman, Billings, Ramsey Group, Inc.; Friedman, Billings, Ramsey & Co., Inc. ST: District of Columbia IN: FIN SU: DIV PM-MB -- DCW018 -- 1539 09/13/2006 09:26 EDT http://www.prnewswire.com